Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market (2025-2031) | Growth, Companies, Analysis, Value, Competitive Landscape, Segmentation, Size & Revenue, Industry, Trends, Forecast, Outlook, Share
Market Forecast By Vehicle Type (Two Wheelers, Passenger Vehicle, Commercial Vehicle), By Component (Inclusive Conversion Kit, Electric Motor, Battery, Controller, Charger, Others), By Electric Vehicle Type (All Battery Electric Vehicle, Plug-in Hybrid Vehicle, Hybrid Vehicle) And Competitive Landscape
| Product Code: ETC6672517 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market: Top 5 Importing Countries and Market Competition (HHI) Analysis
The automotive retrofit electric vehicle powertrain import shipments to Cape Verde saw significant growth in 2024, with Portugal, Areas, nes, China, United Arab Emirates, and the United States of America emerging as the top exporting countries. The market concentration, as measured by the HHI, increased from high to very high in 2024, indicating a more consolidated market. The compound annual growth rate (CAGR) from 2020 to 2024 stood at 2.8%, with a notable growth rate of 19.73% from 2023 to 2024, reflecting a promising trajectory for the electric vehicle powertrain market in Cape Verde.
Key Highlights of the Report:
- Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Outlook
- Market Size of Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market, 2024
- Forecast of Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market, 2031
- Historical Data and Forecast of Cape Verde Automotive Retrofit Electric Vehicle Powertrain Revenues & Volume for the Period 2021- 2031
- Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Trend Evolution
- Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Drivers and Challenges
- Cape Verde Automotive Retrofit Electric Vehicle Powertrain Price Trends
- Cape Verde Automotive Retrofit Electric Vehicle Powertrain Porter's Five Forces
- Cape Verde Automotive Retrofit Electric Vehicle Powertrain Industry Life Cycle
- Historical Data and Forecast of Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Revenues & Volume By Vehicle Type for the Period 2021- 2031
- Historical Data and Forecast of Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Revenues & Volume By Two Wheelers for the Period 2021- 2031
- Historical Data and Forecast of Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Revenues & Volume By Passenger Vehicle for the Period 2021- 2031
- Historical Data and Forecast of Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Revenues & Volume By Commercial Vehicle for the Period 2021- 2031
- Historical Data and Forecast of Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Revenues & Volume By Component for the Period 2021- 2031
- Historical Data and Forecast of Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Revenues & Volume By Inclusive Conversion Kit for the Period 2021- 2031
- Historical Data and Forecast of Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Revenues & Volume By Electric Motor for the Period 2021- 2031
- Historical Data and Forecast of Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Revenues & Volume By Battery for the Period 2021- 2031
- Historical Data and Forecast of Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Revenues & Volume By Controller for the Period 2021- 2031
- Historical Data and Forecast of Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Revenues & Volume By Charger for the Period 2021- 2031
- Historical Data and Forecast of Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Revenues & Volume By Others for the Period 2021- 2031
- Historical Data and Forecast of Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Revenues & Volume By Electric Vehicle Type for the Period 2021- 2031
- Historical Data and Forecast of Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Revenues & Volume By All Battery Electric Vehicle for the Period 2021- 2031
- Historical Data and Forecast of Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Revenues & Volume By Plug-in Hybrid Vehicle for the Period 2021- 2031
- Historical Data and Forecast of Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Revenues & Volume By Hybrid Vehicle for the Period 2021- 2031
- Cape Verde Automotive Retrofit Electric Vehicle Powertrain Import Export Trade Statistics
- Market Opportunity Assessment By Vehicle Type
- Market Opportunity Assessment By Component
- Market Opportunity Assessment By Electric Vehicle Type
- Cape Verde Automotive Retrofit Electric Vehicle Powertrain Top Companies Market Share
- Cape Verde Automotive Retrofit Electric Vehicle Powertrain Competitive Benchmarking By Technical and Operational Parameters
- Cape Verde Automotive Retrofit Electric Vehicle Powertrain Company Profiles
- Cape Verde Automotive Retrofit Electric Vehicle Powertrain Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market - Industry Life Cycle |
3.4 Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market - Porter's Five Forces |
3.5 Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.6 Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.7 Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Revenues & Volume Share, By Electric Vehicle Type, 2021 & 2031F |
4 Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government initiatives promoting the adoption of electric vehicles in Cape Verde |
4.2.2 Increasing awareness about environmental sustainability and the benefits of electric vehicles |
4.2.3 Rising fuel prices leading to higher demand for electric vehicle powertrain retrofit solutions |
4.3 Market Restraints |
4.3.1 High initial cost of retrofitting vehicles with electric powertrains |
4.3.2 Limited availability of skilled technicians for electric vehicle retrofitting in Cape Verde |
4.3.3 Lack of infrastructure such as charging stations for electric vehicles in the country |
5 Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Trends |
6 Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market, By Types |
6.1 Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market, By Vehicle Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Revenues & Volume, By Vehicle Type, 2021- 2031F |
6.1.3 Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Revenues & Volume, By Two Wheelers, 2021- 2031F |
6.1.4 Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Revenues & Volume, By Passenger Vehicle, 2021- 2031F |
6.1.5 Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Revenues & Volume, By Commercial Vehicle, 2021- 2031F |
6.2 Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market, By Component |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Revenues & Volume, By Inclusive Conversion Kit, 2021- 2031F |
6.2.3 Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Revenues & Volume, By Electric Motor, 2021- 2031F |
6.2.4 Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Revenues & Volume, By Battery, 2021- 2031F |
6.2.5 Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Revenues & Volume, By Controller, 2021- 2031F |
6.2.6 Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Revenues & Volume, By Charger, 2021- 2031F |
6.2.7 Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market, By Electric Vehicle Type |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Revenues & Volume, By All Battery Electric Vehicle, 2021- 2031F |
6.3.3 Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Revenues & Volume, By Plug-in Hybrid Vehicle, 2021- 2031F |
6.3.4 Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Revenues & Volume, By Hybrid Vehicle, 2021- 2031F |
7 Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Import-Export Trade Statistics |
7.1 Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Export to Major Countries |
7.2 Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Imports from Major Countries |
8 Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Key Performance Indicators |
8.1 Average time taken for a vehicle to be retrofitted with an electric powertrain |
8.2 Percentage increase in the number of electric vehicles on the road in Cape Verde |
8.3 Number of workshops offering electric vehicle retrofitting services in the market |
9 Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market - Opportunity Assessment |
9.1 Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.2 Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Opportunity Assessment, By Component, 2021 & 2031F |
9.3 Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Opportunity Assessment, By Electric Vehicle Type, 2021 & 2031F |
10 Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market - Competitive Landscape |
10.1 Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Automotive Retrofit Electric Vehicle Powertrain Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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